Locked content Pharmena creates unit in Germany

NewConnect-listed biotech company Pharmena established a special purpose company Menavitin in Germany. Menavitin will sell dietary supplements containing 1-MNA on the German, Austrian and Swiss markets, Pharmena said. It owns 92.5 percent shares in Menavitin. The remaining 7.5 percent belong to Frit...

Locked content Ciech enters implementation stage of €100 mln investment in Germany

Ciech, the largest Polish producer of evaporated salt, has decided to enter executive phase of its 100 million euro investment in Germany. The company plans to build a production plant in Stassfurt, Germany. Ciech estimates to finish it in 2-3 years time. The anticipated production capacity of the p...

Locked content Polish officials express condolences to German people

Poland’s Prime Minister Beata Szydło has offered her condolences to German Chancellor Angela Merkel following Friday’s shooting in Munich, which left at least 10 people dead, including the suspect. “With great regret I learned of the attack, which happened in Munich. We strongly condemn ...

Locked content 7% of Poles to emigrate in next 2 years

This year’s edition of the Social Diagnosis, which is conducted every two years, showed that  in the next two years seven percent of Poles plan to emigrate in search of work. The most appealing destinations are Germany and the UK. This percentage is similar to previous years. Past studies disp...

Locked content Germany to negotiate the minimum wage?

The new  legal provision of setting a minimal wage in Germany has caused a controversy among the transport companies in Europe. After having received complaints from some countries, including Poland, Germany wants to negotiate this issue. “Germany maintains their legal position, however is rea...

Locked content Poles spent PLN 6 billion abroad last year

According to the Polish National Bank, Poles spent over PLN 6 billion abroad last year, up by PLN 504 million y/y.  Poles spent the most money in Germany, followed by Great Britain, Spain and Italy. At the same time, foreigners spent PLN 7.7 billion in Poland, up by PLN 269 million from last year. T...

Temporary agreement over the German minimum wage

The German minimum wage, standing at €8.5 an hour, will not apply to the Polish transport companies until the matter is clarified by the EU, Andrea Nahles, German Minister of Labour, announced Friday after negotiations with Władysaw Kosiniak-Kamysz, Polish Minister of Labour and Social Policy.